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Flexible Budget for Selling and Administrative Expenses for a Service Company Digital Solutions Inc. uses flexible...

  1. Flexible Budget for Selling and Administrative Expenses for a Service Company

    Digital Solutions Inc. uses flexible An accounting device used to plan and control resources of operational departments and divisions.budgets that are based on the following data:

    Sales commissions 8% of sales
    Advertising expense 15% of sales
    Miscellaneous administrative expense $10,000 per month plus 4% of sales
    Office salaries expense $50,000 per month
    Customer support expenses $20,000 per month plus 30% of sales
    Research and development expense $75,000 per month

    Prepare a flexible selling and administrative expenses budget for October for sales volumes of $500,000, $750,000, and $1,000,000. (Use Exhibit 5 as a model.)

    Digital Solutions Inc.
    Flexible Selling and Administrative Expenses Budget
    For the Month Ending October 31
    Total sales $500,000 $750,000 $1,000,000
    Variable cost:
    • Cash
    • Office salaries expense
    • Sales commissions
    • Supplies expense
    • Wages expense
    $ $ $
    • Advertising expense
    • Cash
    • Office salaries expense
    • Supplies expense
    • Wages expense
    • Miscellaneous administrative expense
    • Office salaries expense
    • Prepaid insurance
    • Rent expense
    • Wages expense
    • Customer support expenses
    • Rent expense
    • Research and development expense
    • Supplies expense
    • Wages expense
    Total variable cost $ $ $
    Fixed cost:
    • Insurance expense
    • Miscellaneous administrative expense
    • Rent expense
    • Supplies expense
    • Wages expense
    $ $ $
    • Insurance expense
    • Office salaries expense
    • Prepaid insurance
    • Rent expense
    • Wages expense
    • Customer support expenses
    • Insurance expense
    • Rent expense
    • Supplies expense
    • Wages expense
    • Insurance expense
    • Rent expense
    • Research and development expense
    • Supplies expense
    • Wages expense
    Total fixed cost $ $ $
    Total selling and administrative expenses $ $ $

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